Soybeans Start the week in Positive Territory
Grains were mixed overnight as soybeans started the week in positive territory while wheat slid lower.
Grains were mixed overnight as soybeans started the week in positive territory while wheat slid lower. Corn was mostly unchanged going into the start of the regular trade session. In outside markets, S&P futures and the dollar were lower while crude oil bounced back to hover around the key...[Read More]
Beans Finding Low End Resistance
National soybean basis was up 5 cents this week. Kevin breaks down what he thinks will happen if Soybeans continue lower than the $8.58 mark.
Weekly Cash Comments
Weekly Cash Commentary for week ending 11/06/2015
Basis levels continued to ascend higher this week all the while futures markets came under selling pressure. For the week ending Thursday, Nov 5th, US average corn basis was up 3 cents a bushel while bean basis posted a nearly 5-cent advance on the week.
Grains Lower on Follow-Through Weakness
Stock futures get a jolt this morning
Grains were lower on follow through weakness from Thursday’s losses In outside markets, S&P futures and crude oil were higher.
Soybeans suffered a 20-cent loss on Thursday after news from USDA showed significantly below expectations on export sales the past week. ...[Read More]
Export Sales Well Below Last Year’s Pace
Export sales are significantly lower that USDA expectations. Tune in to see how this is effecting market prices and movement.
Grains Mildly Lower in the Overnight
Rate Hikes possible in December
Grains were mildly lower overnight as the markets continue to hold steady to price levels seen over the past two months. In outside markets, crude oil was hovering around the unchanged mark from Wednesday’s trade, while S&P futures posted positive gains to get it back above the 2,100 mark....[Read More]
Corn Unable to Hold Onto Short Term Gains
Even with strong ethanol production corn struggles to hold onto any gains.
Soybeans Find Support in the Overnight
On Tuesday, Informa came out with its latest estimates for 2015 US corn and bean production. Both estimates were higher than USDA’s October forecast
Grains were mixed overnight as soybeans found modest support while corn and wheat lost ground from Tuesday’s close. Oil added on to Tuesday’s gains, surpassing $48 a barrel while S&P futures also moved into positive territory.
On Tuesday, Informa came out with its latest estimates for...[Read More]
Corn Basis Continues to Rally
After rallying this morning and in the overnight beans took a dive lower to close the day. Informa numbers were also released today.
Grains Continue to Drift Lower
EIA report due out tomorrow.
Grains continued to drift lower overnight, while stock futures gave up some on Monday’s gains and crude oil reversed its selloff from the previous trade session.
In soybeans, Jan 16 bean futures drifted down to $8.76 pushing lower for a second consecutive trade session. ...[Read More]